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LME aluminium to approach $1,600 SINGAPORE: LME aluminium is expected to approach a resistance at $1,600, as it has stabilised around a support at $1,573 per tonne. The bounce from the Aug. 12 low of $1,553.50 consists of three waves, so far, only two waves have unfolded. The current wave labeled c is capable of rising to $1,600, the 114.6 percent Fibonacci projection level of a bigger wave C from the July 15 high of 1,729.50.A drop to $1,569 could signal a break below the support at $1,573, the 138.2 percent level, and the low at $1,553.50 will be targeted then.Copyright Reuters, 2015 ...

Shanghai copper to fall to 38,510 yuan SINGAPORE: Shanghai copper is expected to break a support at 38,790 yuan per tonne and fall more towards the next support at 38,510 yuan, due to the completion of a five-wave cycle from the Aug. 7 low of 37,310 yuan.These supports are identified respectively as the 76.4 percent and the 61.8 percent Fibonacci projection levels of the cycle, which could be eventually reversed over the next few days.Resistance is at 39,250 yuan, the 100 percent ...
Palm oil to retrace to 2,017 ringgit SINGAPORE: Palm oil faces a resistance at 2,052 ringgit per tonne and may retrace to a support at 2,017 ringgit.The resistance and the support are provided respectively as the 161.8 percent and the 186.4 percent Fibonacci projection levels of a bigger wave C, the third wave of a three-wave cycle that developed from the June 8 high of 2,362 ringgit.A break above 2,052 ringgit will open the way towards the next resistance at 2,086 ringgit, ...
CBOT soybeans may revisit Aug. 12 low of $9.01-1/2 SINGAPORE: CBOT soybeans November contract may revisit its Aug. 12 low of $9.01-1/2 per bushel, as it has pierced below a support at $9.12-1/4.The support was provided by the 14.6 percent Fibonacci retracement on the fall from the Aug. 10 high of $9.96-1/2 to $9.01-1/2, working as the last barrier towards $9.01-1/2.A rise to $9.17, however, will signal the contract has stabilized around the support, and the 38.2 percent level at $9.29-3/4 could be approached ...
CBOT corn signals mixed SINGAPORE: Signals are mixed for CBOT September corn as it failed to break a resistance at $3.65-1/4 per bushel.The resistance is provided by the 100 percent Fibonacci projection level of a downward wave C, the third wave of a three-wave cycle that developed from the Aug. 10 high of $3.91-1/2.The rise from the Aug. 12 low of $3.46-1/2 is still controlled by various projection levels. A break above $3.65-1/4 could lead to a gain to ...
CBOT wheat to retest resistance at $5.10-1/2 SINGAPORE: CBOT September wheat is expected to retest a resistance at $5.10-1/2 per bushel, with a good chance of breaking above this level and rising more towards the next resistance at $5.13-1/2.These resistances are provided respectively by the 61.8 percent and the 76.4 percent Fibonacci projection levels of an upward wave c, the third wave of a three-wave cycle that developed from the Aug. 12 low of $4.84.This wave is capable of travelling to $5.18-1/2, ...
Vietnam pushes for 2015/2016 sugar output rebound HANOI: Vietnam will strive to raise its sugar output in the 2015/2016 cane crushing season by nearly 10 percent to 1.56 million tonnes, rebounding from a fall this year due to lower supply, a state-run newspaper reported on Saturday.The Agriculture Ministry has requested sugar firms to support growers in planting and post-harvest processing to ensure higher sugar content recovery, the official Nhan Dan (People) newspaper cited a ministry plan as saying.Vietnam, a small sugar producer ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln